UNITED STATES


                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-QSB

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended: June 30, 2001                  Commission File Number 0-32353
                   -------------                                         -------



                                  EASYWEB, INC.
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


          COLORADO                                      84-1475642
-------------------------------             -----------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


6025 South Quebec Street, Suite 150, Englewood, Colorado                 80111
--------------------------------------------------------              ----------
(Address of principal executive offices)                              (Zip code)

                                 (720) 489-8873
               ---------------------------------------------------
              (Registrant's telephone number, including area code)


              (Former name, former address and former fiscal year,
                         if changed since last report.)

Indicate by check whether the registrant  (1) has filed all reports  required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.     Yes X      No
                                          ---       ---

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

Common stock, no par value                         3,590,200
--------------------------       -----------------------------------------------
          Class                  Number of shares outstanding at August 13, 2001

--------------------------------------------------------------------------------
                     This document is comprised of 9 pages.
--------------------------------------------------------------------------------



<PAGE>
 
FORM 10-QSB
2ND QUARTER

                                      INDEX

                                                                           Page
                                                                          ------

PART 1 - FINANCIAL INFORMATION


     Item 1.  Financial Statements

        Condensed balance sheet, June 30, 2001 (unaudited)..................   3
        Condensed statements of operations, three months ended
          June 30, 2001 (unaudited) and 2000 (unaudited),
          six months ended June 30, 2001 (unaudited) and 2000
          (unaudited), and September 24, 1998 (inception) through
          June 30, 2001 (unaudited) ........................................   4
        Condensed statements of cash flows, six months ended
          June 30, 2001 (unaudited) and 2000 (unaudited), and
          September 24, 1998 (inception) through June 30, 2001
          (unaudited) ......................................................   5
        Notes to unaudited condensed financial statements ..................   6


     Item 2.  Plan of Operation ............................................   7

PART 2 - OTHER INFORMATION


     Item 1.  Legal Information ............................................   8

     Item 2.  Changes in Securities ........................................   8

     Item 3.  Defaults Upon Senior Securities ..............................   8

     Item 4.  Submission of Matters to a Vote of Security Holders ..........   8

     Item 5.  Other Information ............................................   8

     Item 6.  Exhibits and Reports on Form 8-K .............................   8

     Signatures ............................................................   9


<PAGE>

Part 1. Item 1. Financial Information
-------         ---------------------


                                  EASYWEB, INC.
                          (A Development Stage Company)

                             Condensed Balance Sheet
                                   (Unaudited)

                                  June 30, 2001

Assets
Current assets:
     Cash ........................................................    $   5,856
     Prepaid expenses ............................................        3,000
                                                                      ---------
                                              Total current assets        8,856

Web site development costs, net ..................................        1,344
                                                                      ---------

                                                                      $  10,200
                                                                      =========

Liabilities and Shareholders' Deficit
Current liabilities:
     Accounts payable and accrued liabilities ....................    $   4,300
     Due to affiliate (Note B) ...................................           54
     Indebtedness to related parties .............................        6,000
                                                                      ---------
                                         Total current liabilities       10,354
                                                                      ---------

Common stock subject to rescission,
     16,000 shares (March 2000) ..................................        4,000
                                                                      ---------

Shareholders' deficit:
     Common stock ................................................       89,050
     Additional paid-in capital ..................................       29,980
     Deficit accumulated during development stage ................     (123,184)
                                                                      ---------
                                       Total shareholders' deficit       (4,154)
                                                                      ---------

                                                                      $  10,200
                                                                      =========
            See accompanying notes to condensed financial statements

                                        3


<PAGE>


<TABLE>
                                  EASYWEB, INC.
                          (A Development Stage Company)

                       Condensed Statements of Operations
                                   (Unaudited)
<CAPTION>

                                                                                                     September 24, 
                                                                                                          1998    
                                                  Three Months Ended            Six Months Ended      (Inception)
                                                       June 30,                   June 30,              through 
                                                ------------------------    -----------------------     June 30, 
                                                  2001           2000         2001           2000         2001
                                                ----------    ----------    ---------    ----------    ---------

Revenue:
<S>                                             <C>           <C>           <C>           <C>           <C>      
     Commissions, related party .............   $        -    $    4,000    $        -    $    4,000    $   4,000
     Commissions, other .....................          573             -           913             -        2,164
                                                ----------    ----------    ----------    ----------   ----------
                                Total revenue          573         4,000           913         4,000        6,164
                                                ----------    ----------    ----------    ----------   ----------
                                                                                           
Operating expenses:                                                                        
     Rent (Note B) ..........................        1,000         1,333         1,000         1,333        3,333
     Contributed rent (Note B) ..............          500           167         2,000         1,667        9,667
     Administrative support (Note B) ........          197         2,667           489         2,667        5,689
     Contributed administrative support                                                    
        (Note B) ............................        2,803           333         5,511         3,333       20,311
     Salaries and payroll taxes .............            -         8,988             -         8,988       20,729
     Professional fees ......................        5,524         2,075        13,533         2,785       30,722
     Web site consulting and maintenance ....          490         7,370           706         7,370       10,841
     Information technology agreement .......            -             -             -             -        8,269
     Advertising ............................            -         8,229             -         8,382       11,914
     Depreciation and amortization ..........          187           247           375           247        1,064
     Other ..................................        1,696         1,718         2,484         1,718        6,809
                                                ----------    ----------    ----------    ----------   ----------
                     Total operating expenses      (12,397)      (33,127)      (26,098)      (38,490)    (129,348)
                                                ----------    ----------    ----------    ----------   ----------
                               Operating loss      (11,824)      (29,127)      (25,185)      (34,490)    (123,184)
                                                                                           
Income taxes (Note C) .......................            -             -             -             -            -
                                                ----------    ----------    ----------    ----------   ----------
                                                                                           
                                     Net Loss   $  (11,824)   $  (29,127)   $  (25,185)   $  (34,490)   $(123,184)
                                                ==========    ==========    =========     ==========   ==========
                                                                                          

Basic and diluted loss per common share......   $     -0-     $      -0-    $      -0-    $       -0-
                                                ==========    ==========    ==========    ===========    
Basic and diluted weighted average
     common shares outstanding...............    3,590,200     3,590,200     3,590,200     3,396,100
                                                ==========    ==========    ==========    ===========    
</TABLE>



            See accompanying notes to condensed financial statements

                                        4

<PAGE>

<TABLE>
                                  EASYWEB, INC.
                          (A Development Stage Company)

                       Condensed Statements of Cash Flows
                                   (Unaudited)
<CAPTION>
                                                                                                                  September 24,
                                                                                                                      1998    
                                                                                            Six Months Ended       (Inception)
                                                                                                June 30,             through 
                                                                                          ---------------------     June 30,   
                                                                                            2001         2000         2001  
                                                                                          --------     --------     --------
                                                                             
<S>                                                                                       <C>          <C>          <C>       
Net cash (used in) operating activities ...............................................   $ (20,851)   $ (32,315)   $ (88,836)
                                                                                          ---------    ---------    ---------

Cash flows from investing activities:
     Equipment purchase ...............................................................           -         (400)        (400)
     Payments for intangible assets ...................................................           -       (2,250)      (2,458)
                                                                                          ---------    ---------    ---------
                                                Net cash (used in) investing activties            -       (2,650)      (2,858)
                                                                                          ---------    ---------    ---------

Cash flows from financing activities:
     Proceeds on advances from related parties  .......................................           -            -        6,000
     Proceeds from the sale of common stock ...........................................           -       97,050      101,550
     Proceeds from the sale of common stock subject
        to rescission .................................................................           -        4,000        4,000
     Payments for offering costs ......................................................           -            -      (14,000)
                                                                                          ---------    ---------    ---------
                                              Net cash provided by financing activities           -      101,050       97,550
                                                                                          ---------    ---------    ---------

Net change in cash ....................................................................     (20,851)      66,085        5,856
Cash, beginning of period .............................................................      26,707        1,091            -
                                                                                          ---------    ---------    ---------
                                                                   Cash, end of period    $   5,856    $  67,176    $   5,856
                                                                                          =========    =========    =========

Supplemental  disclosure of cash flow  information:  
    Cash paid during the period for:
        Interest ......................................................................   $       -    $       -    $       -
                                                                                          =========    =========    =========
        Income taxes ..................................................................   $       -    $       -    $       -
                                                                                          =========    =========    =========

     Non-cash financing activity:
        Stock issued for satisfaction of debt .........................................   $       -    $      -     $   1,500
                                                                                          =========    =========    =========
</TABLE>



            See accompanying notes to condensed financial statements

                                        5

<PAGE>

                                 EASYWEB, INC.
                          (A Development Stage Company)

                Notes to Unaudited Condensed Financial Statements

Note A: Basis of presentation
        ---------------------
The financial  statements  presented herein have been prepared by the Company in
accordance with the accounting policies in its amended Form 10-SB dated December
31, 2000 and updated  through March 31, 2001,  and should be read in conjunction
with the notes thereto.

In the  opinion  of  management,  all  adjustments  (consisting  only of  normal
recurring  adjustments)  which are necessary to provide a fair  presentation  of
operating  results for the interim period  presented have been made. The results
of operations for the periods  presented are not  necessarily  indicative of the
results to be expected for the year.

The  Company  is in the  development  stage in  accordance  with  Statements  of
Financial  Accounting  Standards  (SFAS)  No. 7  "Accounting  and  Reporting  by
Development  Stage  Enterprises".  As of June 30, 2001,  the Company has devoted
substantially  all of its efforts to  financial  planning,  raising  capital and
developing markets.

Financial data presented herein are unaudited.

Note B: Related party transactions
        --------------------------
The Company paid an affiliate  $4,000 during April 2001 to rent office space for
the period  from April 1, 2001  through  March 31,  2002.  As of June 30,  2001,
$1,000 is expensed as rent and $3,000 is capitalized  as prepaid  expense in the
accompanying condensed unaudited financial statements.  The Company's management
estimated  the  fair  market  value  of the  office  space  at $500  per  month.
Therefore, an additional $2,000 was expensed as rent during the six months ended
June 30, 2001, with an offsetting credit to additional paid-in capital.

The Company paid an affiliate $489 during the six months ended June 30, 2001 for
administrative  services  performed  on behalf  of the  Company.  The  Company's
management  estimated  the fair  value of the  services  at  $1,000  per  month.
Therefore,  an  additional  $5,511 was  expensed as  contributed  administrative
support during the six months ended June 30, 2001, with an offsetting  credit to
additional paid-in capital.

The Company owed the affiliate $54 for administrative expenses at June 30, 2001,
which  is  included  in  the  accompanying  condensed  balance  sheet  as due to
affiliate. The Company repaid the affiliate in July 2001.

Note C: Income taxes
        ------------
The  Company  records  its  income  taxes  in  accordance  with  SFAS  No.  109,
"Accounting for Income Taxes".  The Company incurred net operating losses during
the six months ended June 30, 2001 resulting in a deferred tax asset,  which was
fully  allowed  for;  therefore,  the net benefit  and expense  resulted in $-0-
income taxes.

                                        6

<PAGE>


Part I. Item 2. Plan of operation
------          -----------------

                                  EASYWEB, INC.
                          (A Development Stage Company)

PLAN OF OPERATION
-----------------
The Company plans to continue to design,  market,  sell and maintain  customized
and turnkey web sites on the Internet that are hosted by third parties. To date,
revenues from these services have been minimal.  The Company intends to generate
increased  revenue  through the  expenditure of additional  funds for marketing,
advertising and promotion.  The Company believes that the revenue generated from
operations may not be sufficient to finance future activities and that it may be
necessary to raise  additional funds through equity and/or debt financing in the
next twelve  months.  There is no  assurance  that the  Company  will be able to
generate  additional  capital for marketing,  advertising  and promotion  and/or
other purposes. In the event that only limited additional financing is received,
the Company  expects its  opportunities  in the design,  marketing,  and sale of
Internet web sites to be limited.

The Company filed a Registration Statement on Form 10-SB with the Securities and
Exchange  Commission  ("SEC") in February  of 2001 to register  its no par value
common stock. To date, the SEC has not declared the Form 10-SB effective.

The Company does not intend to hire any additional  employees in the foreseeable
future.  The Company  does not intend to make  significant  equipment  purchases
within the next twelve months.

FINANCIAL CONDITION
-------------------
As of June 30,  2001,  the  Company  had total  assets of $10,200 as compared to
$28,426 at December 31, 2000.  The decrease was related to net losses of $25,185
incurred during the six months ended June 30, 2001.

RESULTS OF OPERATIONS
---------------------
During the six months ended June 30, 2001,  the Company  recorded sales totaling
$913 as compared with $4,000 for the six months ended June 30, 2000.  The $4,000
sale in 2000 was the result of a related party transaction. The Company recorded
no sales with unrelated third parties during the six months ended June 30, 2000.

Operating expenses decreased from $38,490 for the six months ended June 30, 2000
to  $26,098  for the six months  ended June 30,  2001.  The  operating  expenses
decreased  because of (1) a decrease in salaries  and payroll  taxes,  and (2) a
decrease in advertising  expenses.  Management reduced these expenses because of
the Company's limited working capital.

                                        7

<PAGE>


Part I.  Item 2.  Plan of operation, continued
--------          ----------------------------

                                  EASYWEB, INC.
                          (A Development Stage Company)


Special note regarding forward-looking statements
-------------------------------------------------

This report contains  forward-looking  statements  within the meaning of federal
securities   laws.   These   statements  plan  for  or  anticipate  the  future.
Forward-looking  statements  include  statements about our future business plans
and strategies,  statements about our need for working capital, future revenues,
results of  operations  and most other  statements  that are not  historical  in
nature. In this Report,  forward-looking  statements are generally identified by
the words  "intend",  "plan",  "believe",  "expect",  "estimate",  and the like.
Investors are cautioned not to put undue reliance on forward-looking statements.
Except as otherwise  required by applicable  securities  statues or regulations,
the  Company  disclaims  any  intent  or  obligation  to update  publicly  these
forward-looking  statements,  whether  as a result  of new  information,  future
events or otherwise. Because forward-looking statements involve future risks and
uncertainties,  these are  factors  that could  cause  actual  results to differ
materially from those expressed or implied.


Part 2. Other Information
-------------------------


Items 1 through 5 - No response required.


Item 6 - Exhibits and reports on Form 8-K.

          There were no reports on Form 8-K.

                                        8

<PAGE>



SIGNATURES


The  financial   information  furnished  herein  has  not  been  audited  by  an
independent accountant;  however, in the opinion of management,  all adjustments
(only consisting of normal recurring accruals) necessary for a fair presentation
of the results of  operations  for the three and six months  ended June 30, 2001
have been included.

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                  
                                                                           
                                                    EASYWEB, INC.   
                                                    (Registrant)        
                                                                            
                                                                            
DATE: August 13, 2001                                BY: /s/ David C. Olson 
      ---------------                                    ------------------ 
                                                        David C. Olson      
                                                        President           
                                        9